Defunct MLM company iMarketsLive has been fined 9.4 million PLN for pyramid fraud in Poland ($2.6 million USD).
As per
UOKiK’s December 29th, 2025 press-release
;
In legal MLM, profits come primarily from product sales, whereas in a pyramid-style project, the ability to receive material benefits depends primarily on introducing new people to the system.
Investigations conducted by … (UOKiK) reveal that this is precisely how the US-registered compan[y] International Markets Live (IML) operated.
Although these companies claim to be educational, their operating model meets the legal definition of prohibited pyramid-style promotional schemes, in which participants are rewarded primarily for recruiting new members rather than selling products.
These schemes are prohibited under Polish and EU law because they carry a significant risk of financial loss for consumers.
They require a constant influx of new members and their contributions, which is impossible in the long term. The system collapses, and consumers lose money.
To promote its business, IML operated an affiliate program. To join, participants had to accept the terms and conditions outlined in the Independent Business Owner (IBO) agreement upon registration, pay an initial fee, and make monthly payments in the same amount.
IBOs received commissions based on successful sales of IML products and services, either personally or through partners they recruited into their sales structure.
The Office of Competition and Consumer Protection (UOKiK) investigation revealed that the benefits of participating in the program were primarily dependent on the introduction of new members, indicating that the company was operating a pyramid-style promotional scheme.
iMarketsLive
rebooted as IM Mastery Academy
in 2019. IM Mastery Academy
rebooted as Iyovia
in November 2024.
iMarketsLive was run by founder Chris Terry. IM Mastery Academy and Iyovia saw Terry partner up with
sham wife Isis Terry
, fka Isis De La Torre.
UOKiK issued an
IM Mastery Academy pyramid fraud warning
in August 2022. Three Polish IM Mastery Academy promoters were
subsequently charged
in August 2023.
In the US, the FTC
filed suit against Iyovia and the Terrys
in May 2025. The FTC alleges Iyovia and its predecessors defrauded consumers out of over $1.2 billion, over $20 million of which the Terrys misappropriated.
At time of publication the FTC’s Iyovia lawsuit is ongoing. A court-appointed Receiver is currently
dismantling the Terrys’ efforts to conceal funds and assets
.
🤖 Quick Answer
What happened to iMarketsLive in Poland?Poland's consumer protection authority UOKiK fined the defunct US-registered MLM company International Markets Live (IML) approximately 9.4 million PLN ($2.6 million USD) on December 29, 2025. The agency determined that IML operated a prohibited pyramid-style promotional scheme, rewarding participants primarily for recruiting new members rather than selling legitimate products.
Why was iMarketsLive classified as a pyramid scheme?
UOKiK's investigation concluded that IML's operating model met the legal definition of a prohibited pyramid-style promotional scheme under Polish and European Union consumer protection law. Despite claiming to offer financial education services, the company's revenue structure depended primarily on participants introducing new recruits rather than generating income through genuine product sales.
Is iMarketsLive still operating?
No. International Markets Live is a defunct
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